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Bank Indonesia's Warjiyo: Economic impact from the coronavirus outbreak to peak in February-March

Bank Indonesia (BI), the Indonesian central bank, Governor Perry Warjiyo said on Friday, the economic impact from the coronavirus outbreak to peak in February-March.

Additional comments:

February inflation seen at 3.02% y/y.

Foreign outflow from govt bonds, stocks seen at 30.8 trillion rupiah in Feb.

BI will continue to intervene in spot fx, bonds, domestic NDF to control rupiah depreciation.

BI has bought around 100 trillion rupiah worth of bonds this year as of Feb 27.

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